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Cove's Cakes is a local bakery. Price and cost information follows: 14.71 Price per cake Variable cost per cake Ingredients Direct labor overhead (box, etc.) Fixed cost per month 2.33 1.11 0.25 $4,628.40 Required: 1. Determine Cove's break-even point in units and sales dollars. 2. Determine the bakery's margin of safety if it currently sells 480 cakes per month. 3. Determine the number of cakes that Cove must sell to generate $1,300 in profit. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Determine Cove's break-even point in units and sales dollars. (Round your Break-Even Units answer to the nearest whole number. Round your other intermediate calculations and sales dollars answer to 2 decimal places.) Cakes Break-Even Units Break-Even Sales Dollars (Required Required 2 > Cove's Cakes is a local bakery. Price and cost information follows: Price per cake Variable cost per cake Ingredients Direct labor Overhead (box, etc.) Fixed cost per month 14.71 2.33 1.11 0.25 $4,628.40 Required: 1. Determine Cove's break-even point in units and sales dollars. 2. Determine the bakery's margin of safety if it currently sells 480 cakes per month. 3. Determine the number of cakes that Cove must sell to generate $1,300 in profit. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Determine the bakery's margin of safety if it currently sells 480 cakes per month. (Round your intermediate calculations to 2 decimals. Round the break-even units and final answer to nearest whole dollar.) Margin of Safety (5) Cove's Cakes is a local bakery. Price and cost information follows: 14.71 Price per cake Variable cost per cake Ingredients Direct labor Overhead (box, etc.) Fixed cost per month 2.33 1.11 0.25 $4,628.40 Required: 1. Determine Cove's break-even point in units and sales dollars. 2. Determine the bakery's margin of safety if it currently sells 480 cakes per month. 3. Determine the number of cakes that Cove must sell to generate $1,300 in profit. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Determine the number of cakes that Cove must sell to generate $1,300 in profit. (Round your intermediate calculations to 2 decimal places and final answer to nearest whole number.) Target Sales Units Cakes Cove's Cakes is a local bakery, Price and cost information follows: Price per cake Variable cost per cake Ingredients Direct labor Overhead (box, etc.) Fixed cost per month $ 14.41 2.31 1.05 0.16 $4,138.20 35 Required: 1. Calculate Cove's new break-even point under each of the following independent scenarios: a. Sales price increases by $1.20 per cake. b. Fixed costs increase by $500 per month. c. Variable costs decrease by $0.29 per cake. d. Sales price decreases by $0.30 per cake. 2. Assume that Cove sold 400 cakes last month. Calculate the company's degree of operating leverage. 3. Using the degree of operating leverage calculate the change in profit caused by a 14 percent increase in sales revenue. tes Complete this question by entering your answers in the tabs below. Required 1 Requirect Required 3 Assume that Cove sold 400 cakes last month. Calculate the company's degree of operating leverage. (Do not round Intermediate calculations. Round your answer to 2 decimal places.) Degree of Operating Leverage Cove's Cakes is a local bakery. Price and cost information follows: 14.41 Price per cake Variable cont per cake Ingredients Direct labor Overhead (box, etc.) Fixed cost per month 2.31 1.05 0.16 $4,138.20 Required: 1. Calculate Cove's new break-even point under each of the following independent scenarios: a. Sales price increases by $1.20 per cake. b. Fixed costs increase by $500 per month. c. Variable costs decrease by $0.29 per cake. d. Sales price decreases by $0.30 per cake. 2. Assume that Cove sold 400 cakes last month. Calculate the company's degree of operating leverage. 3. Using the degree of operating leverage calculate the change in profit caused by a 14 percent increase in sales revenue Complete this question by entering your answers in the tabs below. Required 1 Required 2 required 3 Using the degree of operating leverage, calculate the change in profit caused by a 14 percent increase in sales revenue. (Round your intermediate values to 2 decimal places. (.e. 0.1234 should be entered as 12.34%.)) Effect on Profit %